What to know:
- Bitcoin has been feeling the Monday blues, with four consecutive losses.
- Over the past three months, Mondays and Sundays have been the worst days for Bitcoin.
Bitcoin investors are hoping to shake off four consecutive Monday losses.
Over the past few weekends, the largest cryptocurrency has experienced significant price volatility, driven by macroeconomic uncertainty including geopolitical tensions, tariffs, and rising global bond yields. The weekend jitters seem to have carried over into Mondays.
Data from Velo shows that over the past three months, Mondays and Thursdays have been the most negative days of the regular workweek. Sunday, however, stands out as the worst-performing day of the week overall, with an average price decline of 1%. Overall, weekends perform slightly worse than weekdays in terms of performance.
Bitcoin has fallen the past four Mondays, Coinglass data shows. It lost 0.31% on Feb. 17, 4.6% on Feb. 24, 8.5% on March 3, and 2.6% on March 10. It has dropped 30% decline from its all-time high in late January, coinciding with a 10% slide in the S&P 500.
The S&P 500 has also experienced three consecutive Mondays of losses. It did not trade on Feb. 17 due to a U.S. holiday.
Bitcoin is trading just 1.4% higher over 24 hours, while S&P 500 futures have turned slightly negative. What happens next is anyone’s guess.
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2025-03-17 14:53